What Are Some Components of Conceptual Frameworks?

Some components of a conceptual framework include different principles, assumptions and rules as they apply to business practices and motives. These typically vary from framework to framework, though these components are vital in determining the function of the framework.

A conceptual framework is used as a tool to analyze different situations and scenarios and to help individuals organize their thoughts based on the existing rules and assumptions in a business setting. It is not unusual for smaller businesses to not have conceptual frameworks until they begin to branch out and need to be unified through a central series of rules and patterns.